Interactive Brokers (Nasdaq: IBKR) has announced a new funding option for clients in Latin America through a partnership with Paysafe’s SafetyPay.

The integration is designed to give the broker’s regional clients a faster and more cost-effective way to fund their trading accounts.

The collaboration allows eligible IBKR clients across Latin America to transfer money directly from their local bank accounts in their own currencies, removing some of the friction that can come with cross-border deposits.

Once funds are cleared, clients gain access to IBKR’s broader platform, which spans stocks, options, futures, currencies, bonds, and funds across more than 170 markets worldwide, all from a single account.

Milan Galik, Chief Executive Officer of Interactive Brokers, said the goal of the update was to simplify a process that can often be a barrier for investors outside the United States.

He noted that SafetyPay offers Latin American clients a straightforward method of moving funds from local banks so they can begin trading on global markets without unnecessary delay. Galik added that the company intends to keep building out region specific funding tools to make investing more accessible.

The SafetyPay addition is the latest in a series of moves by Interactive Brokers to broaden its international reach and improve account accessibility for clients outside its core US market. The company continues to position itself as a low cost option for globally minded investors, citing its wide product range and market access as key differentiators against competitors.